Costco Loses Bid to Undo Tiffany’s $19M Trademark Award (3)

Costco Wholesale Corp. lost a bid to reverse or reduce a $19 million judgment against it for allegedly selling counterfeit Tiffany & Co. engagement rings.

The Jan. 7 decision by the U.S. District Court for the Southern District of New York means Costco must pay nearly $6 million more to cover Tiffany’s legal costs even as its appeal of the six-year-old case moves forward. The U.S. Court of Appeals for the Second Circuit had paused the case for more than a year pending the district court’s ruling on Costco’s post-judgment motion.

“Costco looks forward to vindicating its rights in the ...